{"id":451743,"date":"2021-11-25T10:22:02","date_gmt":"2021-11-25T04:52:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451743"},"modified":"2021-11-25T10:22:02","modified_gmt":"2021-11-25T04:52:02","slug":"oil-slips-awaiting-opec-response-to-us-led-crude-release","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-awaiting-opec-response-to-us-led-crude-release\/","title":{"rendered":"Oil slips awaiting OPEC+ response to US-led crude release"},"content":{"rendered":"<p>MELBOURNE: Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy US fuel demand.<br \/>\nUS West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, extending an 11 cent loss on Wednesday.<br \/>\nBrent crude futures slipped 5 cents to $82.20 a barrel, after losing 6 cents on Wednesday.<br \/>\n&#8220;The coordinated SPR (Strategic Petroleum Reserve) release may end up as a near-term political win for the parties involved, however we do not expect it to have a lasting impact on crude fundamentals,&#8221; Fitch analyst Jake Leiby said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy US fuel demand. US West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, extending an 11 cent loss on Wednesday. Brent crude futures slipped 5 cents to $82.20 a barrel, after losing 6 cents on Wednesday. &#8220;The coordinated SPR (Strategic Petroleum Reserve) release may end up as a near-term political win for the parties involved, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-451743","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=451743"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451743\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}